J TOFA transitional balancing adjustment

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Show at J the fund's assessable or deductible amount from a transitional balancing adjustment for the income year, as a result of making the transitional election for existing financial arrangements.

If the transitional balancing adjustment is a deductible amount, print L in the Loss box.

Working out the fund's total assessable TOFA gains, deductible TOFA losses, and TOFA transitional balancing adjustment

Ensure you take into account at H, I and J any amount in relation to a TOFA financial arrangement that you have shown at:

• CGross interest item 10
• D1 Gross foreign income item 10
• I Gross distributions from Partnerships item 10
• KUnfranked dividend amount item 10
• N Trust distributions unfranked amount item 10
• Q Trust distributions other amounts item 10
• S Other income item 10
• AInterest expenses within Australia item 11
• B Interest expenses overseas item 11
• LOther deductions item 11.

You should take into account only once an amount at one of H, I and J.